Investor Presentation A August 2015 t 2015 TSX.V: PLA - - PowerPoint PPT Presentation

TSX.V: PLA

Investor Presentation A t 2015 August 2015

TSX.V: PLA www.plminerals.com

Forward Looking Statement

TSX.V: PLA

Forward Looking Statement

Some of the statements and financial projections contained in the following material are forward‐looking statements and not statements of facts Such statements are are forward looking statements and not statements of facts. Such statements are based on information currently available and have not yet been verified by an independent Qualified Person. The statements that are not historical facts are forward‐looking statements involving The statements that are not historical facts are forward looking statements involving known and unknown risks and uncertainties that could cause actual results to vary materially from targeted results. Such risks and uncertainties include those described from time to time in the company’s latest annual and quarterly reports and t di i d l i Th bli ti t bli l management discussion and analysis. The company assumes no obligation to publicly update any forward‐looking statement, whether as result of new information, future events or otherwise.

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Plata Latina Overview

TSX.V: PLA

Plata Latina Overview PLA Objective: Discover Mexico’s next great high‐grade silver district

• Innovative Exploration Strategy targets the discovery of new high‐grade

Ag‐Au districts by combining the classic epithermal‐vein Ore Horizon Model with the Mexican Silver Belt Concept Model with the Mexican Silver Belt Concept

• Led by Mike Clarke, with extensive exploration and mining experience in

Mexico, discoverer of several high‐grade Ag‐Au deposits in Mexico and , g g g p backed by resource investors with proven track records

• High‐Grade Discovery already in progress at initial drill project (Naranjillo)

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Board of Directors

TSX.V: PLA

Board of Directors

Mike Clarke, Founder and Director, President and CEO

• 35+ years international silver and gold exploration experience.
• PhD from University of Arizona with a dissertation on high‐grade Ag‐Au vein formation in a major Mexican silver‐gold deposit.
• Discovered numerous high‐grade Ag‐Au deposits in the San Dimas district, Mexico, over 10 year period, including discovery of the San Antonio

mine, initiation of the Santa Rita project and layout of a program for eventual exploration/development of the district.

• Oversaw several 1+M ounce Au discoveries for Ma'aden in Saudi Arabia, including greenfields discovery of a 2+M ounce deposit.
• Former VP Exploration for Augusta Resource Corporation.

Gil Clausen Founder and Chairman Gil Clausen, Founder and Chairman

• 30+ years experience in the mining industry; previously President, CEO and Director of Augusta Resource Corporation before its acquisition in July

2014 and Director of Wildcat Silver Corporation (TSX: WS); Bachelor and Masters degree in Mining Engineering from Queens University.

• W. D. “Randy” Eppler, Founder and Director
• 30+ years of finance, exploration, production and resource marketing; Founding Partner of Sierra Partners LLC,

y , p , p g; g , a resource advisory firm; 9+ years in executive finance and corporate development positions with Newmont Mining Corporation; Director of Augusta Resource Corporation prior to its acquisition, Golden Minerals Inc. (NYSE MKT: AUMN), Vista Gold Corp. (NYSE MKT/TSX: VGZ) and Frontier Mining Ltd (AIM: FML).

Robert B. Blakestad, Director

• 30+ years of mining experience, most recently as Senior Vice President, Exploration and Chief Geologist for Golden Minerals Company, Vice

y g p , y , p g p y, President, Exploration of Apex Silver Mines Limited and Chief Executive Officer of International of Taurus Resources.

Letitia Wong, Director

• +10 years’ experience in finance and investor relations. Currently Vice President of Corporate Development for Brio Gold Inc. and was formerly Vice

President of Investor Relations and Corporate Communications for both Augusta Resource Corporation and Ventana Gold Corporation, prior to their acquisition. q

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World’s Premier Silver Address

The Mexican Silver Belt – PLA Exploration Focus

TSX.V: PLA

The Mexican Silver Belt PLA Exploration Focus

Historical Epithermal Ag‐Au Vein Districts

Mexican Silver Belt

Mexico is the most silver‐endowed country on earth

‐ over 5 billion oz of Ag from high‐grade epithermal vein districts ‐

Major historical silver districts define the Mexican Silver Belt

‐ over 800km in length and 50‐100km in width ‐ ‐ offers exploration a large, yet focused target area ‐

Bacis

San Dimas

Sombrerete

Fresnillo Zacatecas

Presently known major Mexican high‐grade Ag‐Au vein districts were all discovered in Spanish times from outcrops

Guanajuato

El Oro

Pachuca Mexico City

Areas between these historical districts offer great

• pportunity for discovery of additional, blind high‐grade

Ag‐Au districts PLA COMPETITIVE ADVANTAGE Applying the Ore Horizon Model to the Mexican Silver Belt, hi b t th hi t i di t i t f M i ’ t

E ith l Di t i t With O 1 000M A P d d

searching between these historic districts for Mexico’s next generation of high‐grade Ag‐Au districts

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Epithermal Districts With Over 100M oz Ag Produced Epithermal Districts With Over 1,000M oz Ag Produced

Ore Horizon Model ‐ Idealized Epithermal Vein

Longitudinal Section View ‐ PLA Exploration Model

TSX.V: PLA

Longitudinal Section View PLA Exploration Model

Mexican epithermal‐vein silver deposits typically display distinctive surface alteration, but little geochemical expression, above a deeper Ore Horizon hosting high‐grade orebodies

Erosion Exposes ~20‐100 km Between Districts Erosional Surface ‐ Remains Above Ore Horizon p Orebodies Discovered And Mined in Spanish Colonial Times

Clay‐Pyrite Alteration ‐ Little or No Ag‐Au on Surface

Within Mexican Silver Belt

Quartz Vein

Orebodies Restricted Vertically To a Horizon 250‐500m in Height “The ORE HORIZON”

Orebody Orebody Plata Latina Drill Targets ‐ Blind Orebodies

Generalized Example of Historical High‐grade Ag‐Au District (ie, Fresnillo, Guanajuato) Plata Latina Target – Next‐Generation High‐grade Ag‐Au District

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Current Plata Latina Portfolio

Finding Mexico’s Next Great High‐Grade Silver District

TSX.V: PLA

Finding Mexico s Next Great High Grade Silver District

Mexican Silver Belt Epithermal Ag‐Au Vein Districts

PLA Portfolio: 4 properties (51, 580 ha.)

San DimasSombrerete

Bacis

Epithermal Ag‐Au Vein Districts

• Palo Alto Property
• Vaquerias Property
• Naranjillo Property (Discovery)

Fresnillo Zacatecas

Sombrerete

Guanajuato Pachuca

Real de Angeles El Oro

• La Joya Property

Mexico City Epithermal Districts With Over 1 000M oz Ag Produced El Oro Plata Latina Property Epithermal Districts With Over 100M oz Ag Produced Epithermal Districts With Over 1,000M oz Ag Produced

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PLA Portfolio and The Central Mexican Ag Belt

Finding Mexico’s Next Great High‐Grade Silver District

TSX.V: PLA

Finding Mexico s Next Great High Grade Silver District

Fresnillo (+Billion Oz Ag) Zacatecas (+Billion Oz Ag)

Plata Latina Properties Well Positioned

F ti l t d b t hi t i l di t i t

( g) Asientos (65MM Oz Ag)

Four properties located between historical districts –

• n projection with historical ore‐hosting structures

Palo Alto Vaquerias

Guanajuato (+Billion Oz Ag)

Mexico City Plata Latina Project

Naranjillo (Discovery)

Pachuca (+Billion Oz Ag)

j ( y) La Joya

Hosting Structures (Shown to Scale)

N

8

100 200km

El Oro (75MM Oz Ag)

Naranjillo Project ‐ Regional View ‐ Guanajuato District

TSX.V: PLA

• Guanajuato District

(Historical Production of Over

N

Valenciana Cata Rayas Las Torres

• (

f One billion Oz Ag, 6 Million Oz Au)

• Plata Latina ‐ Naranjillo Project

Fresnillo plc Claims

Plata

Significant Ag‐Au Mineralization in 8 of 11 holes in Villa Vein Mineralized Horizon – Average intercept interval of 4.52m @ 2,041 g/t Ag, 8.5 g/t Au

Fresnillo plc ‐ Potrerillos Project

Inferred Resource as of 12/31/14

• Golden Minerals Celaya Project

Fresnillo plc Claims

20 K

Latina Claims

Fresnillo plc Claims

Fresnillo plc ‐ Cerro Blanco Project

(On‐going Multi‐Rig Drilling Program) f d f / / 576,000 Tonnes @ 502 g/t Ag, 0.78 g/t Au

Golden Minerals Claims

Three Drill Holes Completed – Best Result 1.10m (Intercept) @ 393 g/t Ag, 7.4 g/t Au

0 20 Km

Inferred Resource as of 12/31/14 499,000 Tonnes @ 436 g/t Ag, 3.56 g/t Au

Naranjillo Property ‐ First PLA Discovery

TSX.V: PLA

Naranjillo Mexico City

• High‐level alteration led to blind discovery
• f deeper high‐grade Ag‐Au veins –

confirms Plata Latina exploration model

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• Located on projection and just south of

High‐Grade Guanajuato Ag‐Au District

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Naranjillo Discovery:

Proven Success of Ore Horizon Model

TSX.V: PLA

Proven Success of Ore Horizon Model

17,342 g/t Ag, 66.24 g/t Au – 1.60m

Discovery Hole BDD‐N‐10 Core

5,063 g/t Ag, 25.42 g/t Au – 0.80m

11 Discovery Hole BDD‐N‐10 Core

Naranjillo Project

Generalized View

TSX.V: PLA Plata La Fres

N

BDD‐N‐8 Best Intercept 0.63m /

0 1 2km

tina snillo

Discovery Hole:

140 g/t Ag 0.35 g/t Au

Fresnillo plc Cerro Blanco Project

(On‐going Multi‐Rig Drilling Program) Inferred Resource as of 12/31/14 499,000 Tonnes @ 436 g/t Ag 3.56 g/t Au

Apparent continuation

Fresnillo

Discovery Hole: 3,181 g/t Ag, 13.28 g/t Au 10.95m

BDD‐N‐32 Best Intercept

pp

• f Naranjillo System

Plata Latina Claims

Section 91800N

Focus of PLA HG Intercepts

est te cept 0.17m 594 g/t Ag 6.07 g/t Au

Plata Latina Claims Fresnillo Plata Latina

HG Intercepts – Villa Vein

PLA 2014 DDH Vein

Legend

BDD‐N‐43 0.75m 2,590 g/t Ag 5.01 g/t Au

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Projected Vein Fault

Naranjillo Property

Cross‐section 1 000NE

TSX.V: PLA

Cross section 1,000NE

BDD‐N‐15, 0.29m, 0.15m Est. TW 1 860 g/t Ag 2 68 g/t Au

NW SE

DDH BDD‐N‐23, 5.95m , 3.40 Est. TW 4,091 g/t Ag, 14.24 g/t Au (HW + FW) 1,860 g/t Ag, 2.68 g/t Au DDH BDD‐N‐28, 1.88m, 1.08m Est. TW 633 g/t Ag, 5.41 g/t Au BDD‐N‐28, 4.37m, 2.51m Est. TW BDD‐N‐12, 2.14m, 1.65M Est. TW H 131 g/t Ag, 2.18 g/t Au 641 g/t Ag, 1.49 g/t Au BDD‐N‐12, 2.77m, 2.13M Est. TW 2,040 g/t Ag, 15.40 g/t Au

0 100m

Success of the Ore Horizon Model:

Discovered the Villa Vein and multiple

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p high‐grade splits at Naranjillo

Naranjillo Project

Villa Vein Long Section

TSX.V: PLA

N S

91800N

Hole Interval (m)

• Est. True

Width (m) Ag Grade (g/t) Au Grade (g/t) BDD‐N‐10 10.95 7.74 3,181 13.28 BDD‐N‐12 2 77 2 13 2 040 15 40

Latina

Villa Vein Long Section

48* BDD‐N‐12 2.77 2.13 2,040 15.40 BDD‐N‐14 0.31 0.24 99 0.30 BDD‐N‐18 2.04 1.17 117 1.22 BDD‐N‐22 2.07 1.18 84 0.37 BDD‐N‐23 5.95 3.40 4,091 14.24

Plata L

48* BDD‐N‐26 2.80 1.60 49 0.21 BDD‐N‐27 Vein pinched off or faulted BDD‐N‐28 1.88 1.08 633 5.41 BDD‐N‐30 6.62 1.88 29 0.08 BDD N 33 3 99 2 79 14 0 02

Top of Mineralized Horizon (Projected)

23 10 28 30 41 40 49* 26 22 37 12 27 BDD‐N‐33 3.99 2.79 14 0.02 BDD‐N‐37 12.67 6.1 397 1.44 BDD‐N‐39 4.61 2.90 9 0.02 BDD‐N‐40 2.63 0.92 12 0.08 BDD‐N‐41 0.80 0.45 331 1.17 18 14 30 33 39 40 43 (Footwall Split) 22 37 BDD‐N‐43 0.75 0.40 2,590 5.01 BDD‐N‐48* No significant intercept (above mineralized horizon) BDD‐N‐49* 0.40 0.35 1,430 5.27

Bottom of Mineralized Horizon (Projected)

Holes > 100 g/t Ag /

0 500m

14

* Indicates hole drilled in 2014 program Holes < 100 g/t Ag

Naranjillo Project

Exploration Results To‐Date Confirm Major Multi‐Vein District

TSX.V: PLA

Exploration Results To Date Confirm Major, Multi Vein District

• Initial High‐Grade Discovery on Villa vein ‐ 3,181 g/t Ag, 13.28 g/t Au over 10.95m

g y , g/ g, g/

• Significant Ag‐Au intercepts on at least six vein systems over at least 5km along the

structural trend

• Average intercept interval on the Villa Vein of 2.65 metres true width with wt.

Average intercept interval on the Villa Vein of 2.65 metres true width with wt. average grade of 1,328 g/t Ag, 5.69 g/t Au.

• Almost 75% of the 11 drill holes on the Villa vein and located within the

mineralized horizon have intercepted high‐grade mineralization. p g g

• First drill‐hole intercept on Central vein within the mineralized horizon returned

866 g/t Ag, 3.59 g/t Au over 0.34m ‐ demonstrates high‐grade potential for vein

• Sibila and Eastern veins are proximal to the Villa and Central veins, providing additional

Sibila and Eastern veins are proximal to the Villa and Central veins, providing additional

• pportunities for near‐term resource development.
• Drilling on Naranjillo vein has confirmed a geologic setting similar to the bonanza Veta

Madre in the nearby Guanajuato district. y j

Naranjillo and Guanajuato Districts

TSX.V: PLA

Naranjillo and Guanajuato Districts

• Guanajuato District – over a billion oz Ag and 6 million oz Au produced from

high‐grade epithermal veins – a classic example of a historical bonanza district discovered and mined in Spanish Colonial times

• Naranjillo is proximal to Guanajuato ‐ located 35‐40 km SE of Guanajuato and
• n the same structural trend that hosts Guanajuato’s veins
• Drilling at Naranjillo has discovered veins identical to Guanajuato in mineralogy,

texture and Ag‐Au grade

• Most of Guanajuato’s Ag‐Au came from the Veta Madre where wide high‐grade
• Most of Guanajuato s Ag‐Au came from the Veta Madre where wide, high‐grade
• rebodies were found along a fault contact between two contrasting rock types

(Red Conglomerate and Mesozoic basement rocks, or Red Conglomerate and volcanic rocks)

• Recent Naranjillo drilling has identified a target in a geologic environment

identical to that hosting the Veta Madre orebodies – this presents a very prospective target for future Naranjillo exploration drilling

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Guanajuato District ‐ Generalized View of Rayas‐Cata Orebodies

Vertical Cross‐Section

TSX.V: PLA Veta Madre Orebodies In Veins and Stockworks

W E

Surface Outcrop

In Veins and Stockworks Along Veta Madre Fault Historical Mining Widths Up To 90m Guanajuato Formation (Red Conglomerate) Mesozoic Sedimentary and Metamorphic Rocks Metamorphic Rocks 0 200m

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Guanajuato District ‐ Generalized View of the Las Torres Orebody

Vertical Cross‐Section

TSX.V: PLA

SW NE

E l i San Rafael Orebody Exploration Drill Holes

Pre‐mineral Volcanic Rocks

and Historical Mine

Red Conglomerate

Las Torres Mine

Red Conglomerate (Guanajuato Formation)

Las Torres Mine

0 200m

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Naranjillo Project

Vertical Cross‐section 91800N

TSX.V: PLA

W E

Hot Springs‐Style Silicification

Post‐mineral Rocks

Pervasive Argillization

Pre‐mineral Volcanic Rocks

Quartz‐Pyrite Stockwork Best Assay – Best Assay 0.94m, 5 g/t Ag, 0.59 g/t Au 0.46m Banded Qz 28 g/t Ag, 0.07 g/t Au

Guanajuato Formation (Red Conglomerate)

Mineralized Horizon Projected Top

Guanajuato District Veta Madre‐Style Geological Setting

2.26m ,257 g/t Ag, 0.95 g/t Au (Inc. 0.40m, 1,430 g/t Ag, 5.27 g/t Au) Other Intercepts Off‐Section Up to 7.74m TW at 3,181 g/t Ag, 13.28 g/t Au 15m Zone of Banded Quartz‐Calcite Best Assay – 0.59m, 1 g/t Ag, 0.01 g/t Au 1.47m, 212 g/t Ag, 0.89 g/t Au ( i / / )

Mesozoic Sedimentary and Metamorphic Rocks

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(Inc. 0.34m Qz Vein, 866 g/t Ag, 3.59 g/t Au) Mineralized Horizon – Projected Bottom

0 200m

Other Properties

TSX.V: PLA

Other Properties

Epithermal Districts With Over 100M oz Ag Produced Epithermal Districts With Over 1,000M oz Ag Produced Plata Latina Property

Palo Alto Property (State of Aguas Calientes)

• Post‐mineral rocks cover hills and fill valleys
• Outcropping Ag‐Au Mineralization

Mexican Silver Belt Epithermal Ag‐Au Vein Districts

Vaquerias Property (State of Jalisco) pp g g

• Mineralized rocks exposed in arroyos and low‐lying areas
• Consists of 7,890 hectares
• Drill Permitting In Progress

San DimasSombrerete

Bacis

q p y ( )

• Historical mine workings in epithermal vein mineralization
• Located between World‐Class Zacatecas and Guanajuato

High‐Grade Ag‐Au Districts, in the state of Jalisco

• Consists of 16,000 hectares
• First‐Phase drilling results up to 727 g/t Ag over 0.55m

Fresnillo Zacatecas

Sombrerete

Guanajuato Pachuca

Real de Angeles El Oro

First Phase drilling results up to 727 g/t Ag over 0.55m

Mexico City El Oro

La Joya Property (State of Hidalgo)

• Early stage, consists of 5,635 hectares
• Operating Kaolin Pits with anomalous Ag‐Au
• Sampling to 1,200‐66 ppb Ag‐Au

p g , pp g

• Same conceptual target as Naranjillo

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TSX.V: PLA

TSX.V: PLA

APPENDIX: OTHER PROPERTIES

Vaquerias Project

TSX.V: PLA

Vaquerias Project

Vaquerias Mexico City

• Historical silver mine in erosional window

exposing veins and surrounding strong alteration

• Located between world class “Zacatecas” and

“Guanajuato” high‐grade Ag‐Au Districts.

• In the state of Jalisco, consists of 16,000 hectares.

22 In the state of Jalisco, consists of 16,000 hectares.

• First phase drilling returned up to 737 g/t Ag over

0.55m.

Vaquerias Project

Plan View

TSX.V: PLA

Plan View

Historical Workings

• Plata Latina –

Controlled Land Controlled Land

Intense Clay‐Pyrite Alteration on Vaquerias Structure As Structure Disappears to East Under Post‐mineral Cover

PLA DDH’s

Vaquerias Vein Outcrop Exposed in Erosional Window of Pre‐Mineral Rocks – Jasperoid with Fine‐grained Quartz‐silica veinlets

N

23

0 5km

Vaquerias Project

Exploration Concept – Long Section

TSX.V: PLA

p p g

NW NW

Cross Sec

Providencia Mine San Salvador Mine

Increasing Intensity of Clay‐Pyrite Alteration

ction

DDH V‐3 DDH V‐4 8.82m ‐ 14 g/t Ag DDH V‐5 4.00m ‐ 65 g/t Ag

(Area of Un‐Mapped UG Workings)

Planned DDH’s

DDH V‐4 0.55m ‐ 727 g/t Ag (FW Structure) No Significant Intercepts DDH V‐6 10.13m ‐ 13 g/t Ag

P i l M i Pre‐mineral Mesozoic Sedimentary Rocks

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0 1000m

La Joya Project

TSX.V: PLA

La Joya Project

La Joya Mexico City

• State of Hidalgo

g

• Early stage, consists of 5,635 hectares
• Operating Kaolin Pits with anomalous Ag‐Au
• Sampling to 1,200‐66 ppb Ag‐Au

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• Same conceptual target as Naranjillo

La Joya Project

General Plan View

TSX.V: PLA

N

Perimeter – PLA License Northern Kaolin Pits Kaolin Alteration on E‐W Structure in Kaolin Pit Strong Clay‐Pyrite Alteration at La Joya La Joya Kaolin Pit Sampling up to 1.2 ppm Ag, 0.07 ppm Au Exploration Target Kaolin Pit

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0 5km

Exploration Target – Ag‐Au Veins Beneath Pit Silicified Structure Above Kaolin Pit

Palo Alto Project

TSX.V: PLA

Outcropping Ag‐Au Mineralization Strong Clay‐Pyrite Alteration In Valley Bottoms

Palo Alto Project

Palo Alto Mexico City

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Palo Alto Project

Geology, Land and Potential DDH’s

TSX.V: PLA

Geology, Land and Potential DDH s

Post‐Mineral Rhyolite

PLA License Perimeter

N

Pre‐Mineral Rocks (Mostly Propylitic) Post‐Mineral Rhyolite Post Mineral Rhyolite Isolated Outcrops Pre‐Mineral Rocks ‐ Strong Clay‐Pyrite Post‐Mineral Rhyolite Alluvial Cover Alteration Programmed DDH’s

Air‐Mag Anomalies (Government Survey)

0 1km

28 28

Palo Alto Project

General View

TSX.V: PLA

N

Jasperoid – Barite with Anomalous Ag‐Au in NS Structure Exploration Target – Syngenetic (?) Structurally Controlled (?)

0 1km

Strong Clay‐Pyrite Alteration Exploration Targets – Structurally Controlled Ag‐Au at Depth, Sed‐hosted or Syngenetic Mineralization Ag‐Au at Depth

29 29

y g Associated with Air‐Mag Anomalies

TSX.V: PLA

TSX.V: PLA

Investor Relations

Letitia Cornacchia T: 416 860 6310 T: 416 860 6310 E: lcornacchia@plminerals.com www.plminerals.com